Monthly Archives: <span>April 2017</span>

Texas ‘Hailstorm’ Bill Passed by Senate Committee

Texas’ so-called “hailstorm” bill has passed out of the Texas Senate Business & Commerce Committee, its author reports. Senate Bill 10 by committee Chairman Kelly Hancock, R-North Richland Hills, is lawsuit reform legislation aimed at stemming the problem of storm-chasing, …

Number of Indiana Deer-Vehicle Collisions Down in 2016

The Indiana Department of Natural Resources says the number of deer struck by motor vehicles in the state fell last year. The number of deer harvested in 2016 fell as well. The agency says deer-vehicle collisions across Indiana numbered more …

Teen Charged in Fire that Destroyed Iconic Madison County Covered Bridge

Officials say a West Des Moines teenager has been charged with first-degree arson in a fire that destroyed an iconic covered bridge featured in the best-selling novel “The Bridges of Madison County.” Des Moines television station KCCI reports that the …

Munich Re, Beazley Partner to Provide Enhanced Cover for Large Cyber Risks

Building on their existing collaboration, Beazley and Munich Re’s Corporate Insurance Partner announced the creation of “Vector,” a partnership that aims “to bring innovation and capacity to the large cyber market.” Vector cements a relationship the two insurers forged a …

Climate Change And The Nightmare Scenario for Florida’s Coastal Homeowners

On a predictably gorgeous South Florida afternoon, Coral Gables Mayor Jim Cason sat in his office overlooking the white-linen restaurants of this affluent seaside community and wondered when climate change would bring it all to an end. He figured it …

Michigan Supreme Court Tosses Suit over Icy Slip-and-Fall

A traumatic fall in a dark, icy parking lot wasn’t enough to sway the Michigan Supreme Court. The justices last week reversed a decision by the state appeals court and said the conditions should have been “open and obvious” to …

Noecker Joins Worldwide Facilities Lawyers Professional Team in Chicago

National wholesale insurance brokerage and managing general agent, Worldwide Facilities, has hired Kirsten Noecker as an internal broker in its lawyers professional unit. She is based in Chicago. In this position, Noecker will focus on both placement of coverage and …

Texas Mutual Board OKs $260M Policyholder Dividend

Texas Mutual Insurance Co. announced that its board of directors voted unanimously to approve a company-record $260 million dividend distribution in 2017. Qualifying policyholder owners across Texas will share the dividend, which will be distributed beginning in June. Texas Mutual …

Mired in Sex Assault Scandal, Baylor Hires 1st Female President

Baylor University selected a new president to guide the nation’s largest Baptist school, picking the first female leader in its 172-year history as the campus wades through a sexual assault scandal that chased out her predecessor and led to several …

Allstate’s Catastrophe Losses Topped $780 Million in Q1

The Allstate Corp. announced estimated catastrophe losses for the month of March 2017 of $516 million, pre-tax ($335 million after-tax), and an estimated $781 million, pre-tax ($508 million after-tax), for first quarter 2017. Catastrophe losses occurring in the first quarter …